Cdnx BFR.V Thread

[Naamplao]

Here is a bit about BFR.V

Buffalo is an emerging Canadian junior oil and gas company engaged in the exploration, development and production of oil and gas reserves in the provinces of Alberta and Saskatchewan.

Alberta Prospects

Peace River Arch - Buffalo has an average 80% working interest in 13,000 gross acres of undeveloped land in the Peace River Arch. Several high potential oil & gas prospects have been identified generally targeting zones in the Triassic and Mississippian periods.

Production Locations

Frog Lake - Buffalo acts as the operator and holds a 50% working interest in more than 50 oil wells. Buffalo has farm-in and participation agreements for 40,000 gross acres of undeveloped land with the potential for in excess of 100 low risk drilling opportunities over the next several years.

Oil production is from the McLaren, GP and Sparky zones and gas production is from the Colony and Viking zones.

Pincher Creek, Alberta - 66% average working interest in 42 sections.

Viking Killam, Alberta - 80% average working interest in 48 sections.

Whitecourt, Alberta - 40% average working interest in 53 sections.

Here is the SharpChart

BFR.V - SharpCharts from StockCharts.com

The first thing to note is that the share price has broken through significant resistance in the last 2 weeks. It now has passed through the 50 and 200dayMA closed above the 200dayMA

The Accum/dist which has been decidedly negative has crossed its 20dayMA and turned positive...people are accumulating this stock.

The RSI and TRIX are nicely positive. The bollinger Bands are expanded after this 2 week surge but the share price hugs the upper Band. I would expect some pullback and sideways motion but all in all this looks like a pretty good chart to me.

Here is the P&F chart



As can be seen we have run smack into a resistance line at $1.23...the next resistance is at $1.33....the support line can be found at $1.08

Here is the 5 day Yahoo linechart



It is hard to tell if the price will break up or down to start the week (May 5) I would expect some up/down trends at first.

[Naamplao]

This stock seems to have legs.

Check out the charts in the previous post

The sharpChart shows a nice Share price rise and hugging the upper Bollinger Band. The RSI, TRIX and Accum/Dist are all positive and all good.

From the P&F chart there is another small resistance at $1.38 and that looks like it will fall soon.

The five day line chart from Yahoo shows the bollinger bands narrowing so another jump is in the offing.

This looks like a nice conventional oil play

[Naamplao]

About 6 weeks ago I first posted the stock at about $1.20 and now it is just short of $1.50...nice growth.

Here is the sharpchart

BFR.V - SharpCharts from StockCharts.com

A pretty chart in tough times.

First thing to note is the positive re-crossing of the 50dayMA over the 200dayMA....huge IMHO.

The RSI, TRIX and Accum/dist are looking very good. The Bollinger Bands are expanding so I can see another bout of sideways motion for a few days.

Here is the P&F chart



I changed to box size to $0.05 to reflect the increase in price.

You can see how $1.50 is a significant resistance. The support is a way back at $1.25 but I doubt very much we will fall that far. This is hard support....there may be smaller support levels as we might see in the following Yahoo 5 day chart



As can be seen here $1.45 seems to be providing some support. Whether this holds up remains to be seen.

As far as the future goes, I think we should see a sideways movement much like it was before the last BB tightening. The interest (read volume) in the stock is higher and higher. I don't see a fallback though we shaal have to watch it closelyin another week or so when the BB's tighten again.